Tuesday, January 31, 2017

[I am still in recovery from the book tour (which went well), so here is a timely rerun. Trump just banned entry to migrants from a list of “terrorist” countries that had been concocted by the Obama administration. Missing from that list is terrorist country number one: Saudi Arabia. It would be too much to hope that Trump will amend Obama's list, however; no matter who happens to be president, the US and the Saudis are pretty much joined at the hip.]

[Just nine days after I pointed out that Obama's latest “humanitarian” bombing puts American lives in danger, we have the video of the journalist James Foley's beheading at the hands of Daash, a.k.a. Islamic Caliphate, a.k.a. ISIS/ISIL. Well, that didn't take long! But there is more to the story: what stands behind this event, and others, such as 9/11, the Boston Marathon bombing, the Benghazi massacre and numerous other acts of terror is none other than America's best friend, the House of Saud. Here is a post by my friend Idris to explain this vital connection.]

The recent rise of the Islamic State (IS) in Syria and Iraq, along with its bedfellow Jahbat Al-Nusra (JN) is being viewed with alarm worldwide. It is the latest in a series of problems related to Islamic extremism for which Al Qaeda is the poster child. From Somalia to Yemen to Nigeria to the Levant to Afghanistan and Pakistan, to Chechnya to Xinjiang, China and even raising its head among the populations of western countries, both Muslim and non-Muslim are facing the ravages of the Salafi/Takfiri Nexus of Jihad.

Tuesday, January 24, 2017

There is a new executive team taking over in Washington. Some people view this development with cautious optimism, others quake in trepidation, gnash their teeth, rend their garments and scatter ashes over the heads Old Testament-style. Those who expect things to be a bit different in Washington now can point to something rather specific: in his inaugural address, Trump used words never before heard in an inauguration speech: words like “bleed,” “carnage,” “depletion,” “disrepair,” “ripped,” “rusted,” “sad,” “stolen” and “trapped.” These words describe the real United States, not the fake United States concocted by politicians, the media and wealthy elites. The fake United States is close to full employment; the real United States has sidelined close to 100 million unemployed workers. In the fake United States the economy has recovered and is growing nicely; the real United States is sinking ever deeper into unrepayable debt, rushing headlong toward inevitable national bankruptcy. It would seem that Trump is interested in reality whereas his predecessor excelled in deluding himself—and others. This would indicate that perhaps the new boss won't be the same as the old boss.

We are conditioned to think of change as lots of small changes—a continuum—although history tends to be punctuated by large, unforeseen events that are only understood after the fact. Last year's reconquest of Aleppo was one such incident. People are still assuming that Pax Americana is still an item; well, we'll just have to see. The US defense establishment may have just joined higher education, medicine and, of course, finance as just another brazen swindle.

Whenever something big happens, people become confused. Is a power cut just a temporary glitch in the grid, or is it the end of the grid?

Tuesday, January 10, 2017

About a year ago, in of a mood of despair and a sense of looming danger, I wrote an article, which Dmitry was kind enough to publish on his blog, titled Exit Strategy for Traitors. This article is an update. Nothing has changed fundamentally, but a lot has happened, and the situation has improved in just one single respect.

Tuesday, January 03, 2017

A lot of the sharper-minded commentators have recently started pointing out a problem with Donald Trump’s plan to “make America great again”: lack of funds. The US is bankrupt: sinking ever-further into unrepayable debt, unable to achieve a rate of economic growth that could ever catch up with its growing debt burden. It is in the midst of a giant financial bubble that is propped up by various scams and rackets, from car loans whose term exceeds the useful lifetime of the car, to retirement fund shortfalls caused by effectively negative interest rates, to educational debt that condemns ever more young people to a lifetime of indentured servitude, to the medical racket which is now eating up over 20% of the economy while delivering some of the worst levels of well-being in the entire developed world… Attempts to fix any of these problems would inevitably run into long-standing, intractable political conflicts and contradictions and go nowhere while also bursting the financial bubble and turning the political realm into one very large and angry poop party. Better not even go there!

And so Trump’s plan to “make America great again” through infrastructure spending, repatriating manufacturing jobs and other great quests will have to wait, possibly forever. All of these things would require taking on even more debt, even as around the world everyone tries to unload US debt as fast as possible, leaving the Federal Reserve as the debt-buyer of last resort. This would have the effect of turning US sovereign debt into a pure Ponzi scheme, and Ponzi schemes don’t go on for too long. But if the requirement to “make America great again” is nonnegotiable, what alternatives are there?